Re: Don't Forget Mises -- and Dump the Third Way!
From: jmh (j_m_h_at_cox.net)
Date: 10/03/04
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Date: Sun, 03 Oct 2004 18:45:28 -0400
royls@telus.net wrote:
. . .
>
> That depends on whether you regard the immoral as practical. If the
> landowner simply does nothing, the user gets access for free. But he
> is then just pocketing the rent in place of the landowner, and while
> he is at least contributing something to the community by why of
> production, he is not compensating the community for the benefits he
> is receiving, and thus has no more _right_ than the landowner to deny
> others use of the land.
Clearly this is driven by your view that all the
additional value generated by network effects
are captured by land ownership. Certainly on
a ceterus paribus case, where it's only the
landowner simply on longs charges a fee, competitive
pressures will still function to reduce prices
and that "rent" the producers were captuing evaporate.
More importantly though is the validity assumption
that all extra value derived from the presence of
the network is capitured by landowners. I posted some
rudamentary statistics that, while clearly insufficent
to prove or disprove anything, suggested that perhaps
you're making too strong a claim. I never saw any
response from you and was wondering if perhaps
you have some stats to offer indicating the portion
of "community" generated value versus privately
generated value as it relates for land, capital and
labor market value (realizing of course that labor
value in this context will ned to be inferred from
it's rental rate)?
jmh
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